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Document Solutions for Excel, .NET Edition Overview
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  - TBILLEQ
  - TBILLPRICE
  - TBILLYIELD
  - VDB
  - XIRR
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  - YIELD
  - YIELDDISC
  - YIELDMAT
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YIELDDISC

This function calculates the annual yield for a discounted security.

Syntax

YIELDDISC(settle, maturity, price, redeem, [basis])

Arguments

This function has these arguments:

Argument	Description
settle	[Required] Settlement date for the security
maturity	[Required] Maturity date for the security
price	[Required] Price per $100 face value for the security
redeem	[Required] Redemption value per $100 face value
basis	[Optional] Integer representing the basis for day count

Remarks

This function returns a #VALUE! error when settle or maturity is invalid.

If price or redeem is less than or equal to 0, a #NUM! error is returned.
If basis is less than 0 or greater than 4, a #NUM! error is returned.
If settle is greater than or equal to maturity, a #NUM! error is returned.

Settle, maturity, and basis are truncated to integers.

Examples

YIEDDISC(B1,B2,B3,B4,B5)